Pine City, Pine County, Minnesota Property Taxes

Name: Property Tax Bills Across Pine City, Pine County, Minnesota
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Pine City, MN effective property tax rate: 0.79%, significantly lower than the national median of 1.02%, but lower than the Minnesota state median of 1.11%.
Median Pine City, MN home value: $224,900
Median annual Pine City, MN tax bill: $1,888, $512 lower than the national median property tax bill of $2,400.

How are property taxes in Pine County calculated?

Property taxes in Pine City, MN are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.

Understanding Pine City’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Pine City, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Pine City, Pine County, Minnesota Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.79%

Estimate Property Tax Bill

$1,777

$1,649

Ownwell’s Pine City Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Pine City with just two data points. By entering your property's estimated assessed value, our calculator applies Pine City’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Pine County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Pine City, Pine County, Minnesota

Local government entities are responsible for setting tax rates, leading to considerable variation within a state. This is because each county annually calculates its budget needs to provide essential services and divides that by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. While votes and laws play a role in determining tax rates and budgets, this is essentially the process followed each year. In Pine City, located in Pine County, the effective property tax rate stands at 0.79%. This places it below the national median property tax rate of 1.02%, offering residents a relatively lower tax burden compared to many areas across the country. The consistency in Pine City's tax rate, being both the highest and lowest within its zip code, reflects a stable local tax environment. When compared to other cities in Minnesota and the national median, Pine City presents a favorable tax climate, potentially making it an attractive place for property owners seeking lower property taxes.

Property Tax Rates Across Pine City, Pine County, Minnesota

Source: Ownwell

0.67%

0.93%

1.20%

Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.

Median Effective Pine City Tax Rate

0.79%

Median Effective Pine County Tax Rate

0.75%

Median Effective Minnesota Tax Rate

1.11%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Pine City, Pine County, Minnesota

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
55063	0.55%	0.71%	0.79%	0.94%	1.16%

Source: Ownwell

Property Tax Assessment Values Across Pine City, Pine County, Minnesota

When examining property taxes in Pine City, MN, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Pine County assessor estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.

In Pine County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Pine City.

For example, the median home price in Pine City is $224,900, with tax bills ranging significantly across the county. Zip code 55063 has the highest median home price at $224,900.

Property Tax Assessment Values Across Pine City, Pine County, Minnesota

Source: Ownwell

$24,450

$170,950

$317,450

Median Pine City Market Value

$224,900

Median Pine County Market Value

$174,300

Median Minnesota Market Value

$290,400

Median United States Market Value

$235,294

Property Tax Assessment Values Across Pine City, Pine County, Minnesota

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
55063	$20,960	$93,375	$224,900	$351,650	$494,000

Source: Ownwell

Property Tax Bills Across Pine City, Pine County, Minnesota

In Pine City, MN, property tax bills are determined based on the assessed value of a home. The local tax rate is applied to this assessed value to calculate the tax bill. With a median home price of $224,900, Pine City homeowners face a property tax bill that can vary significantly. The 25th percentile tax bill is $762, while the 75th percentile reaches $2,892, and the 90th percentile can be as high as $3,910. This variation is influenced by factors such as the property's location within Pine County and any applicable exemptions or deductions. Compared to the national median property tax bill of $2,400, Pine City residents may find themselves paying more or less depending on their specific circumstances. Ownwell can assist homeowners in Pine City by reviewing their property assessments to identify potential errors or opportunities for appeals. By leveraging expert knowledge and local market insights, Ownwell helps homeowners potentially reduce their property tax bills, ensuring they pay only their fair share.

Property Tax Bills Across Pine City, Pine County, Minnesota

Source: Ownwell

$303

$1,325

$2,347

Median Pine City Tax Bill

$1,888

Median Pine County Tax Bill

$1,286

Median Minnesota Tax Bill

$3,182

Median United States Tax Bill

$2,400

Property Tax Bills Across Pine City, Pine County, Minnesota

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
55063	$208	$762	$1,888	$2,892	$3,910

Source: Ownwell